Global stocks sputtered Thursday, although U.S. equity futures extended gains. with investors reacting to last night's policy statement from the Federal Reserve that suggested interest rates would likely remain unchanged for the better part of the year, amid a stronger-than-expected corporate earnings season and mixed signals from the broader economy.

U.S. stock futures are higher, rebounding from declines in the previous session after a policy statement from the Federal Reserve suggested U.S. interest rates likely will remain unchanged for the better part of the year; Qualcomm tumbles after forecasting weaker-than-expected third-quarter revenue; Square issues a weak earnings forecast for the second quarter; Beyond Meat's IPO is priced at $25 a share.